Friends of Chabad of Hanover Germany

Analysis

Friends of Chabad of Hanover Germany is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Chabad of Hanover Germany reported income of $74k and spending of $29k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $413k to $74k (-82%), an average of -44% a year. The sharpest change came in the year to December 2021, when income dropped by 77%. Over the whole period it spent 21% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Chabad of Hanover Germany sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 24th percentile within WA. Charities of a similar size with the same main cause include Good News Ministries Inc ($74k), American Ethnic Ministries ($74k) and Freedom House Ministry Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $520k against liabilities of $0, net assets of $520k.